Highlights

  • Hochschild Mining’s H1FY25 revenue rose to USD 520.0 million, marking a year-on-year increase of 32.8%.
  • Gross profit for H1FY25 increased to USD 192.2 million from USD 143.6 million, representing growth of 34.1% year-on-year.
  • Profit for the period climbed to USD 97.2 million in H1 FY25, compared with USD 51.4 million a year earlier, an increase of 89.1%.
  • Company outlook highlights unchanged guidance for the Inmaculada and San Jose mines.

Hochschild Mining PLC (LSE:HOC) is a UK-based precious metals producer and a constituent of the FTSE 250 Index. The company focuses on the exploration, mining, processing, and sale of gold and silver.

For the half-year ended 30 June 2025 (H1FY25), the company’s revenue reached USD 520.0 million compared to USD 391.7 million in H1FY24, representing year-on-year growth of 32.8%. Gross profit increased to USD 192.2 million from USD 143.6 million, a rise of 34.1% YoY, while profit for the period rose to USD 97.2 million from USD 51.4 million, an increase of 89.1% YoY. The company states that revenue, gross profit, and net profit all grew, with profitability increasing at a faster rate than top-line growth.

H1 results show a higher net margin of 18.7% compared with the industry median of 3.8%, and a higher EBITDA margin of 39.8% versus an industry median of 10.2%. At the same time, performance reflects a lower asset turnover ratio of 0.3 times in H1 compared with an industry median of 0.4 times, and a lower gross margin of 35.9% versus an industry median of 41.7%.

Company Outlook

Hochschild’s guidance for the Inmaculada and San Jose mines remains unchanged, indicating ongoing production and cash flow from these flagship operations despite challenges at other assets. Management reports that a revitalised leadership team is in place with a focused strategy to address operational issues and drive recovery at the Mara Rosa asset. It also reiterates its commitment to building a stronger, more resilient business structure aimed at sustainable growth and long-term success beyond current headwinds.

Top 10 Shareholders

Collectively, the top ten shareholders account for around 61.43% of the company’s outstanding shares. Hochschild Beeck (Eduardo) is the largest shareholder with an estimated 38.27% holding, followed by BlackRock Investment Management (UK) Ltd., which holds about 5.11%.

Stock Information

The share price has risen by approximately 7.11% over the past week and by about 46.54% over the last three months. Over the past year, the stock has traded between a 52-week low of GBX 166.00 and a high of GBX 488.80, and it is currently positioned above the midpoint of this range.

Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is December 17, 2025. The reference data in this report has been partly sourced from EODHD/Others.

Technical Indicators Defined

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.